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Roberts Insurance Group Blog

What is Considered a Separate Structure on Your Canton, Georgia Home Insurance Policy?

2/15/2021

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Home insurance can be confusing. Have you ever looked at your Canton home insurance policy and found some line items that you were unsure of? That’s actually very common. 

One of the other line items that we get questions on all the time is the Separate Structures coverage. What exactly qualifies as a separate structure on your Canton home insurance policy?

A separate structure on your home insurance is loosely defined as any structure on your property that does not share the roof-line with the main home. For example, a detached garage would be considered a separate structure. However, if the detached garage has a breezeway/covering that connects from the roof-line of the main home to your garage, then it would be covered under your dwelling or coverage A on your home insurance.


Other common separate structures include fencing, a shed, an above ground pool, a hot tub, a pool house, or a barn.
 

Do you have enough coverage to replace your separate structures?

For a standard Canton home insurance policy, the separate structures coverage is calculated at 10% of your dwelling coverage. For example, a home insurance policy with $400,000 of dwelling coverage will automatically have $40,000 for separate structure coverage. 

Of course, this can be modified to fit your needs. Sometimes those structures get pretty pricey and would cost a lot more to rebuild. Knowing the value of what the construction would cost to rebuild will help determine the right amount of coverage you'll need. 

One thing to note is that this coverage can be adjusted up and down but it can very rarely be eliminated all together. It is important to work with your Canton, Georgia insurance broker to make sure the coverage you have on your home insurance policy is enough to rebuild or replace everything on your property. 

We long to educate here at the Roberts Insurance Group while also keeping to our mission to provide great coverage you need at the best value.

As a local, independent insurance agency, we can do that.

Click here to get connected and see how we can help your family or business.

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Insurance for Real Estate Investors- Residential, Commercial, Landlords, Fixers, Flippers, Developers and Builders

2/11/2021

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Becoming a real estate investor is a great way to earn a living and grow your wealth. Some investors focus on rental properties and passive income. Some focus on fix and flips. Some focus on residential and others on commercial properties. And some do a little bit of everything!

Whatever your focus is as a real estate investor, you want to make sure your income and assets are properly protected. The last thing a successful investor wants is to lose the assets and income they have worked so hard to build. This is why it is crucial for investors to work with an independent insurance broker to ensure they have the right type of policy or package for their situation.

Some things to consider:

The type of policy you have matters 

A long term rental property is going to be on a different type of policy versus a fix and flip. Fix and flip policies are going to cover properties while they are vacant, while a long term rental property policy will not. New construction policies, like a Builder’s Risk, will be totally different than other types of investment property insurance. In addition, long term rental properties are going to be covered differently than short term rentals like Air BnB’s. You need to work with your broker to make sure they have all of the facts and have your property and investment properly covered. 


The only thing worse than having no insurance is having the wrong insurance. Having the wrong type of insurance means that you’ve paid premiums only to have your claims denied!

Something else to note is that commercial properties will need to be on a totally different policy form versus residential. To add to this, some companies will transition your residential rental portfolio to a commercial account once you have a certain number of properties. This differs from company to company. 

Having loss of rental income and adequate liability coverage is crucial

Loss of rental income will pay your lost income while your property is being fixed or renovated due to a covered claim, which is very important to make sure your bottom line is in-tact. 


Having the proper amount of liability coverage is crucial to ensuring your income and assets are protected if you or your business is involved in a lawsuit. Consult with your attorney or CPA on how much your business needs, but generally speaking you’ll want to make sure you have enough to cover all of your assets. In the state of Georgia, losing a lawsuit means that you’re subject to wage garnishment and/or asset seizure if necessary. Getting a large amount of liability insurance is very affordable and can be purchased for pennies on the dollar. In most cases, it will be with a combination of your property policy’s underlying limits plus an umbrella policy. 

Lastly, you need to make sure that you aren't over-paying for your insurance. As an investor, your bottom line is all that really matters. Your profit margins can be diminished quickly if you aren't careful. This is why it is important to work with an independent insurance broker who can evaluate your coverage with several different companies to make sure that you’re getting the right coverage at the best price. 

At the Roberts Insurance Group we specialize in working with all types of real estate investors. If you’d like to see how we can help your portfolio and bottom line give us a call at 678-250-8133 or click here!

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How Businesses Can Minimize the Premium Impact of Workers Compensation Claims

2/9/2021

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Workers Compensation claims can have a major impact on the premiums you pay and can put your business at a major disadvantage compared to your competition. One of the trends throughout the insurance industry is: the longer a claim is open, the higher the total payout. The larger the payout, the bigger the impact on your businesses premiums and bottom line. 

One of the reasons that workers compensation claims get larger the longer that they are open is due to the injection of personal injury attorneys into the situation. Added attorney fees, longer lost wages, and higher medical bills are all contributing factors. 

According to the Insurance Information Institute, between 2002 and 2007 the medical cost per lost-time claim (workers compensation insurance claims where the injured employee is unable to work) rose 50 percent faster than the annual rate of medical inflation for the economy as a whole. The institute estimates that attorney fees increase claim costs by 12 to 15 percent with no net gain in benefits to the worker. Most states index the maximum payment for lost wages to the state’s average weekly wage, a figure that generally rises each year.

Here are some things you can do as a business owner to help minimize the length of time a claim is open, which will minimize future increases to your premium:

  1. Prompt notice of claims to the insurance company expedites the onset of medical treatment, speeds up the injured worker’s recovery and return to work, and reduces the likelihood that they will hire an attorney. Therefore, requiring workers to immediately report all injuries, however minor, and promptly reporting them to the insurance company can have a huge impact on the duration of a claim.​
  2. A prompt and thorough investigation of the incident is just as important. Interviews with the injured worker and witnesses, photographs, and other information gathered as soon as possible will help the insurance company to properly adjust the claim.
  3. If the employee will be out of work for an extended length of time, the employer should keep in regular contact. An injured worker who gets the sense that his employer does not care will become a receptive audience for plaintiff attorneys. Employers may want to call the worker periodically to check on their condition, offer assistance with completing the paperwork, and generally to check on the employee’s emotional state.
  4. The employer should have a good understanding of the state law pertaining to the waiting period for benefits covering lost wages. This is especially true if the employer operates in several states, as their laws may vary widely. Understanding how the law applies to the worker’s situation will help the employer set expectations properly. This reduces the chance of misunderstandings that can lead to problems down the road.
  5. Return to work programs can shorten claim duration and reduce costs significantly. These programs permit an injured employee to return to work in some capacity before he has recovered to the point where he can resume his previous duties. They reduce payments for lost wages, meet the worker’s need to feel productive again, and remove incentives for the worker to hire an attorney.
  6. Employers should review loss reports with their insurance agents and claim adjusters and ask questions about losses that do not appear to be progressing toward closure. They should also look for patterns in the loss reports to identify correctible factors that raise the cost of lost-time injuries.

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Top 10 Most Affordable Trucks to Insure

2/5/2021

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One of our top-rated carriers did extensive research and analysis to determine which trucks were the most affordable to insure in 2019. Although things can change year to year, this analysis and conclusion can serve as great resource for those that are in the market for a newer model truck and want to make sure you get something that won’t make your premiums skyrocket.

Americans love their pickup trucks, as demonstrated by the two bestselling models in the U.S. There are several reasons why full-size pickups account for more than two million new vehicle sales in 2019 – they’re versatile enough to handle the daily commute, get the kids to soccer practice, haul heavy loads to a construction site or simply load up with everything you stock up on while running weekend errands. Today’s trucks are more spacious and get better gas mileage, while offering the same features and comfort of a car, so there’s no wonder why these vehicles are in such high demand.

If a truck checks off all the boxes for what you seek in your next vehicle, there’s one more vital box to check before you buy: insurance costs. We have taken care of the heavy lifting for you by putting together a list of the most affordable trucks to insure.

The research and development team examined 2019 and 2020 trucks available at car dealerships today to compile this list, which was created based on prices for full coverage– liability, comprehensive and collision.

Here is the top-10 list for 2019-2020 trucks, beginning with the most affordable make and model to insure:
​
  1. 2019 Toyota Tundra
  2. 2019 Ford Ranger
  3. 2020 GMC Sierra 3500
  4. 2020 GMC Sierra 2500
  5. 2019 Ford F-150
  6. 2020 Chevrolet Silverado 1500
  7. 2019 Toyota Tacoma
  8. 2019 Dodge Ram 3500
  9. 2019 Dodge Ram 1500
  10. 2019 Dodge Ram 2500

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    64 Academy St
    Canton, GA 30114​
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Roberts Insurance Group
64 Academy St
Canton, GA 30114​
(678) 250-8133
Alex@RobertsInsGroup.com

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Canton town square photo by Akhenaton06 | CC-BY-SA-3.0 | Website by InsuranceSplash
  • Personal Insurance
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